For 34 years, Japan held one of the most prestigious titles in global finance: the world's top creditor nation. This meant Japan owned more assets in other countries than foreigners owned in Japan, holding the biggest net positive balance in "net external assets". But that long-standing record has been broken, as Germany quietly climbed to the top of the ladder.Tune in as we explain this massive $3.7 trillion shift. The surprising twist? Japan's net external assets actually hit an all-time high in 2024